Physical gold and silver in demand

The physical gold and silver market is showing solid growth. From April to June 2022, gold sales at Britain’s Royal Mint were up eight percent. Silver sales were up 47 percent, both compared to the previous quarter. Demand grew specifically among U.S. consumers. From an international perspective, 52 percent more gold ounces and 58 percent more silver ounces were sold, along with 67 percent more platinum. The Royal Mint, known for precious metals coins and bars, has built a strong international investor base in the United Kingdom. The U.S. Mint sold 315,000 ounces of gold in the second quarter, but this was about 26 percent less than in the first quarter of 2022, a significant decline.

Like the U.S. Mint, the Perth Mint sold less gold in the second quarter, with sales six percent lower than in the previous quarter. Overall, investors are holding on to the physical metal. With the price of gold currently back, investors‘ purchases of precious metals should pick up. Since gold is valued internationally in U.S. dollars, which are extremely strong right now, gold and silver are also among the victims, as are most commodities. Not even high inflation can currently change the fact that gold has fallen steadily since its high of $2,070 per troy ounce in March 2022. So interest rate and recession fears and the strong U.S. dollar are putting pressure on precious metals, but even if the slide continues, a trend reversal is definitely coming. Then investors should ideally already be invested, for example also in precious metal stocks such as Aztec Minerals or Tier One Silver.

Aztec Minerals – https://www.youtube.com/watch?v=470uITYna_E – owns the prospective Cervantes gold-copper project in Mexico. In addition, there are the historic Tombstone properties (gold, silver, lead, zinc).

Tier One Silver – https://www.youtube.com/watch?v=sPEbckK019I – is focused on gold, silver and base metals in Peru. Intensive exploration programs are underway at the Curibaya and Hurricane projects.

Current company information and press releases from and Tier One Silver (- https://www.resource-capital.ch/en/companies/tier-one-silver-inc/ -).

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